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The fundamental premise of this story is flawed given how most board/c-suite positions are attained and how almost all wealth is acquired e.g. inherited. Citat
by andreilys 6y ago
The fundamental premise of this story is flawed given how most board/c-suite positions are attained and how almost all wealth is acquired e.g. inherited.
Citation needed. From a simple google search it seems 55.8% of Billionaires are "self-made" [1]. Sure some of them started off with silver spoons (i.e. Gates) but they did not inherit the billions they made from starting companies like Microsoft, Amazon, Tesla, etc.
https://www.cnbc.com/2019/05/10/wealthx-billionaire-census-majority-of-worlds-billionaires-self-made.html https://www.cnbc.com/2019/05/10/wealthx-billionaire-census-m...
- orange_tee 6y agoWealth accumulation is exponential so starting with "mere millions" is deceptive. The first million is the hardest.
- Merman_Mike 6y agoYou're comparing "almost all wealth" (from GP) to the number of people with self-made wealth, which doesn't make sense. > Taken together, much of the best available evidence suggests that the median dollar of wealth in the United States has been inherited by someone in the richest 5 percent of families. https://www.washingtonpost.com/us-policy/2019/02/06/people-like-estate-tax-whole-lot-more-when-they-learn-how-wealth-is-distributed/ https://www.washingtonpost.com/us-policy/2019/02/06/people-l...